Best Time to BUY EUROS?

Today has seen Sterling push through the 1.19 marker again, on the back of both yesterdays Unemployed improvement, and Mark Carneys impressive speech indicating house price control. Those buying Euros will be well aware that current levels above 1.18 have been incredibly sought after, as August saw Interbank levels in the low 1.14s. The impressive increase is linked to the constant supply of positive UK data, most recently UK Manufacturing and Production data, which has long since been the UKs downfall. Looking forwards, I believe that GBP-EUR will...
GBP EUR Exchange Rate: The Week Ahead October 10th

Pound to Euro rate hits a 1-month high as Euro weakens due to Italian...

The Euro fell another half a percent against the Pound yesterday, after news broke over the weekend that the expected Italian coalition government is no longer looking likely to form. There were expectations that the five star movement and League would form the coalition over the weekend, but the Italian President Sergio Mattarella cancelled talks after the coalition put forward Eurosceptic, Paolo Savona for finance minister. The markets were already weary of the unfolding's in Italy due to the populist and Eurosceptic leanings, along with...
Pound to Dollar Rate Drops to One-month Low

Pound to Euro rate: Will Boris Johnson help the Pound vs the Euro?

Pound fights back vs the Euro The pound has finished the week positively against the euro after hitting close to its lowest level since the start of the year. This could be down to a number of different factors including a change in sentiment towards the pound after a big sell off earlier in the week. With the Tory leadership election due to be concluded early next week could Boris provide the pound with a boost? When we have had previous general elections, we have often seen...

Brexit Amendment weakens Sterling (Daniel Johnson)

The House of Lords voted yesterday in favour of protecting EU citizens rights who are residing in the UK. The pound suffered as a result as this could potentially delay the invocation of article 50.  The PM  has however made reassurances that this will not cause a delay in an official exit from the EU. Personally I am surprised the market reacted in this fashion. I am not surprised this amendment was made and I would not expect it to delay the triggering of article...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Brexit Date and UK Economic Data – Pound vs Euro rates (Tom Holian)

Prime Minister Theresa May has set out guidelines for the UK's date and time to leave the EU in law and claiming that she will not 'tolerate' any potential plans to block the Brexit. May has claimed that the EU Withdrawal Bill will be formally changed on Friday 29th March 2019 and as we are already almost 6 months into the discussions this is a clear line in the sand by Theresa May. This means that the government are absolutely committed to pushing through Brexit but...
GBPEUR Supported by Boris Johnson Reopening Update

GBP/EUR Forecast – Sterling Finds Some Support After Last Week’s Heavy Losses (Matthew Vassallo)

The Pound has found a level of support against the Euro this week, following a poor run over the past couple of weeks. GBP/EUR rates are now trading back above 1.14, which will be welcomed by any clients looking to execute a GBP/EUR currency exchange over the coming days. It’s been well documented that the Pound has been under pressure of late. Investors quickly sold off their GBP currency position, when it became clear that the Bank of England (BoE) would not be raising interest rates...
GBP EUR Starts the Week on a Positive Note

Best time to sell Euros into Sterling in 3 years as Article 50 will...

Sterling has continued to struggle against the Euro causing GBPEUR exchange rates to hit their lowest level to buy Euros in 3 years. The announcement made by Prime Minister Theresa May that Article 50 will be triggered by March 2017 has caused confidence in the Pound to drop against the Euro, US Dollar and other major currencies. The good news is that if you've been holding on to your Euros and waiting to buy Sterling this has gained you a huge amount extra in your...
GBP EUR Exchange Rate: The Week Ahead November 21st

Andy Haldane’s comments knock Stirling back

GBP/EUR took a knock after Sterling's resurgence today. I think there is a strong possibilty this may have been caused by the BOE's (Bank of England) Andy Haldane. He  suggested theMPC (Monetary Policy Commitee) still has options including QE and rate cuts and that risks to inflation in UK and overseas may be skewed to the downside. He also stated  he does not see an immediate case to change interest rates and chances of a rate cut or rise are evenly balanced. He indictaed thatpolicy...
Pound to Euro Exchange Rate with UK Election Heating Up

Best rates for buying and selling Euros (Ben Amrany)

The pound was rocking and rolling against the Euro this morning spiking up to a level breaching over 1.22. Then at 10.00 am the Euro zone released their inflation figures which came out better than what the markets were expecting and the Euro strengthened to 1.2090. Disinflation has been one of the biggest concerns for the region as low inflation will hinder growth for the whole region. The figures this morning meant that it has given the European Central Bank some room for maneuver in...
GBPEUR Forecast – Internal Market Bill Drives GBP Lower

Is the trend of a strong April for the Pound about to end?

The seasonal trend of the Pound gaining throughout the month of April looks set to end this month, which is coincidentally the 13th month unlikely when the Pound is compared with the US Dollar. The Pound tends to perform well against most major currency pairs including the Euro during April, with the trend being attributed to the new tax year and a lot of dividend payments being made around this time in GBP denominated equities. It looks like 13th time unlikely as the Pound is trading...